The investment entity 9861 LP sold the 9,920-square-foot office building
located at 9861 Irvine Center Dr. in Irvine, CA to an individual owner for approximately $2.7 million or $273 per square foot.
The Class B office building broke ground in January 2005 and construction was completed in January 2006, according to CoStar information. The purchase was an owner/user sale and the buyer will occupy the building as a law firm. The property consists of seven offices, a training room, a conference room and 11 built-in cubicles. Located near the Irvine Spectrum, the building has freeway access to the 5, 133 and 405 and is 20 minutes from the Orange County John Wayne Airport.
Erik Thompson and Rob Rader with Lee & Associates represented the seller. Tibor Kelemen with Wind Water Realty Advisors Inc. represented the buyer.
Please refer to CoStar COMPS #2490095 for further details on this transaction.